Commitment to Action

Eko Atlantic, Lagos, Nigeria

Commitment by

The Chagoury Group

In 2009, South Energyx Nigeria Limited, a subsidiary of The Chagoury Group, committed to combat the devastating effects of coastal erosion accelerated by climate change through the reclamation of nine square kilometres of land behind a giant sea wall. This reclaimed land, when completed in 2015, will become a platform for the construction of a new city called Eko Atlantic, which will protect Victoria Island in Lagos, Nigeria from severe risk of ocean surge and flooding.

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Overview
Summary

Commitment

Eko Atlantic, Lagos, Nigeria

Launched

2009

Est. Duration

6 years

Estimated Total Value

$1,000,000,000

Region

Africa

Countries

NIGERIA

Commitment by

The Chagoury Group

Partner(s) of the Commitment Maker(s)

Guaranty Trust Bank, Plc., First Bank Of Nigeria Plc, First City Monument Bank (Fcmb)